Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Wasserstein and SOFTBANK Lead $35 Million Round San Francisco, Nov. 29, 2000 – Leading legal destination and applications provider, law.com, today announced it raised an additional $35 million in a Series B round of funding to capitalize on its recent major acquisitions in the legal technology sector by expanding its presence as a powerful applications provider for the legal industry. Leading this financing round is majority owner U.S. Equity Partners L.P., a private equity investment fund sponsored by Wasserstein Perella & Co. SOFTBANK Capital Partners L.P. also increased its ownership stake through this round. Law.com intends to build upon its recent acquisitions of key legal technology firms including realLegal.com, PMTI Inc. and DocumentForum, to establish itself as a leading provider of business-critical technology services for the legal community. Collectively, law.com’s client base of legal application users includes over 150 leading law firms and corporate legal departments. “We have seen law.com deliver on its goals to become the Web’s leading provider of legal content, services and continuing education,” said Anup Bagaria, a managing director of Wasserstein Perella & Co. and law.com board member. “We are extremely confident of similar success as law.com leverages its ideal market position and stellar customer base to increasingly become a leading provider of technical applications.” The Series B round will be used principally to further build out the company’s sales infrastructure and for ongoing technical development. “We have been impressed with the substantial progress that law.com has madesince our initial investment,” said Bill Burnham, general partner with SOFTBANK and law.com board member. “In addition to already being the legal industry’s top destination for content, law.com is fast becoming the industry’s leading ASP. We believe this integrated combination of content and applications will cement law.com’s leading position.”As a member of the ASP Industry Consortium, law.com has emerged as a major player in a multi-billion dollar industry. Law.com provides virtual office solutions such as document management and assembly, collaboration and calendaring, e-transcript and e-signature services through its applications to name a few. “This vote of confidence from our high-caliber investors underscores the business model that we have been vigorously pursuing at law.com,” said Bill Feid, CEO of law.com. “Combining the industry’s most advanced technology solutions with the Web’s most complete legal destination is establishing law.com as a cornerstone in everyday law practice.” About law.com Law.com, a privately held company, is the Web’s most comprehensive legal destination and provider of legal application solutions. The company’s products provide legal professionals and law students with the tools and intelligence required to compete and succeed in today’s wired world. Visitors to law.com can track breaking developments in the law; purchase law books, software, forms and information products online; research issues and cases, or explore nationwide job openings in the legal industry. Investors in law.com include majority owner U.S. Equity Partners L.P., a private equity investment fund sponsored by Wasserstein Perella & Co., and SOFTBANK Capital Partners L.P., a late-stage Internet venture investment group sponsored by SOFTBANK CORP.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.